MARKET WATCH: Eyes turn to Saudis as Brent crude, WTI trend upward

Brent crude oil futures as well as light, sweet crude for November and December delivery were up slightly Oct. 22 as the market turned its eyes to Saudi Arabia. The kingdom plans to increase its crude oil output and does not intend to use its reserves as a political tool in the controversy over the killing of journalist Jamal Khashoggi, Bloomberg reported Oct. 22, citing Russia’s TASS news agency’s interview with Energy Minister Khalid Al-Falih.


Source: News